The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Friday, July 1, 2016:
• There will be no change in the price of gasoline, furnace oil, stove oil or diesel at this time; and
• Propane prices will increase by 1.1 cents per litre (cpl) for Superior Propane and by 0.8 cpl for Irving Energy Distribution and Marketing. There will be no change in price at this time for Kenmac Energy Inc.
Pump prices for regular unleaded gasoline at self-serve outlets will continue to range from 101.5 cpl to 102.6 cpl. Maximum before tax propane prices will now range from 68.4 cpl to 70.0 cpl.
The maximum price for furnace oil will continue to amount to 71.2 cpl, plus tax.
The Commission's next scheduled price adjustment will be on July 15, 2016.
Media contact:
Allison MacEwen
amacewen@irac.pe.ca
Director
Regulatory Services
IRAC